Investor Presentaiton
3 Q2 2022 Financials
Market assumptions - What changed in our market assumptions since May
Automotive Technologies - Global LVP1 2022
Automotive Aftermarket - Global LV Parc³
SCHAEFFLER
Industrial-Industrial Production4
7%
77.2
~77
8%
6%
5%
39.4
37.8
42.1
Around -3.8
mn discount
6%
World
4%
38.7
vs. IHS²
4%
3%
estimate of
World
80.8 mn
2%
vehicles
2%
1%
0%
0%
H1
H2 2021 H1
H2
Schaeffler assumptions
2022e
~0%
yoy vs. 2021
IHS¹ assumptions
Europe
Americas
Greater China
Asia/Pacific
Europe
Americas
Greater China Asia/Pacific
FY 2022E
FY 2022E
.
Discount of ~3.8 mn vehicles to July IHS2 estimate of
80.8 mn LVP in 2022 leading to a stagnating market in
comparison to 2021. More cautious estimate than
IHS² due to uncertainty in markets and supply chains
For H2 we expect stagnating market volumes
compared to H1, which implies slight growth yoy;
Market challenges may differ regionally in H2, e.g.
depending on specific Covid situation
1 Light Vehicle Production (IHS Markit (part of S&P), July 2022)
2 IHS Markit (part of S&P Global)
• Growth of Global LV Parc³ with 2.1% for 2022 slightly
lower than 2021 (2.4%) at slightly higher average age
of 10.3 (2021: average age of 10.1 years) due to new
vehicle sales drop, e.g. caused by supply disruptions
Highest growth is expected for Greater China (6.3%);
lowest for Americas (0.5%) due to the stagnation of
new car registrations
3 Light Vehicle Parc for Passenger Cars and Light Commercial
Vehicle <3.5t (IHS Markit (part of S&P), June 2022)
•
•
4
Growth of global industrial production 4 set to slow
markedly to ~4.0% in 2022 after rapid expansion in
2021 (11.7%)
Highest growth expected in the Americas (6.5%);
lowest growth expected in Europe (1.9%) due to
implications from war in Ukraine, esp. in Germany
and Eastern Europe
Industrial Production (Oxford Economics, June 2022)
Sectors considered: Mechanical Engineering (NACE 28), Transport Equipment
(NACE 30), Electrical Equipment (NACE 27.1)
Sep 21, 2022
Schaeffler AG - Baader Investment Conference
PUBLIC
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